India's Canara HSBC Life IPO fully subscribed on final day, driven by institutional buyers
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Canara HSBC Life Insurance Company's $283 million initial public offering (IPO) was fully subscribed on the third day of its bidding on Tuesday, driven by robust interest from institutional buyers.
A joint venture between India's Canara Bank 
CANBK and HSBC Insurance (Asia-Pacific) Holdings, the insurer is targeting a market valuation of around $1.14 billion through the IPO.
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